Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Trading Down 1%

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)’s share price dropped 1% on Wednesday . The company traded as low as $49.72 and last traded at $50.05. Approximately 226,534 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 220,102 shares. The stock had previously closed at $50.57.

Direxion Daily MSFT Bull 2X Shares Price Performance

The company has a market capitalization of $92.59 million, a price-to-earnings ratio of 43.52 and a beta of -2.33. The stock has a 50 day simple moving average of $44.62 and a two-hundred day simple moving average of $43.61.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of MSFU. Virtu Financial LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the first quarter worth about $240,000. TRUE Private Wealth Advisors increased its position in shares of Direxion Daily MSFT Bull 2X Shares by 1.3% during the first quarter. TRUE Private Wealth Advisors now owns 38,477 shares of the company’s stock worth $1,762,000 after purchasing an additional 495 shares in the last quarter. Finally, Elevatus Welath Management acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the first quarter worth about $6,939,000.

About Direxion Daily MSFT Bull 2X Shares

The Direxion Daily MSFT Bull 1.5X Shares ETF (MSFU) is an exchange-traded fund that is based on the Microsoft Corporation index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Microsoft stock. MSFU was launched on Sep 7, 2022 and is managed by Direxion.